THERE IS NO ALTERNATIVE.
The chairwoman of the Federal Reserve, Janet Yellen, testified on Thursday before the Senate Banking Committee to address their questions and concerns. One key questions which I paid special attention to was in regards to the 3% growth in the next few years. Her response was by expressing the difficulty of the possibility of the
Since Quantitative Easing 3(QE3) started in September2012 the Federal Reserve began purchasing 40 billion dollars worth of mortgage-backed securities a month. Four short months later they started buying an additional $45 billion dollars worth of treasury bonds each month for a grand total of $85 billion a month. The theory behind this plan is: the
We’ve all heard about the Federal Reserve saying that they will begin “tapering” Quantitative Easing (QE) later this year. In this article, I will explain what QE means, how it has helped our economy thus far and what tapering will do to the economy in the short and long term. Quantitative Easing is a government
